Thursday, May 20, 2010

This is a strange idea... but think about it.

The idea is you are born with 75 percent ownership of yourself as a corporation, parents are given 20 percent and the government 5 percent (no other taxes). Through your life you have the right to sell shares of yourself as a corporation to raise money for education, or other interests. As you made money, it would be distributed to the owners of the shares of you - as a corporation.

"What if," answered Hektor, without missing a beat, "instead of giving two, three, four dollars a month for a charity's sake, you gave ten dollars a month for a 5 percent share of that kid's future earnings?  And you, of course, get nothing if the kid dies.  Now you have a real interest in making sure that kid got that pair of shoes you sent.  Now it's in your interest to find out if he's going to school and learning to read and write.  Now maybe you'll send him that box of old clothes you were thinking of throwing away.  Under your system you write a check and forget about the kid, who'll probably starve anyway.  Under our system, you're locked into him.

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